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Temporary VAT reduction during the lockdown : evidence from Germany

Clemens, Marius; Röger, Werner - 2021

find sizeable effects of VAT measures on consumption (esp. durables) with a multiplier larger than one on GDP and can match …

Persistent link: https://www.econbiz.de/10013341661

Long-run effects of austerity

Martins, Guilherme Klein - 2022

This paper provides evidence that austerity shocks have long-run negative effects on GDP. Besides addressing the important gap in the growing fiscal research regarding the short time horizon of the estimations, this paper analyzes two other important assumptions made in the literature regarding...

Persistent link: https://www.econbiz.de/10014229776

Why are fiscal multipliers moderate even under monetary accommodation?

Bredemeier, Christian; Jüßen, Falko; Schabert, Andreas - 2021 - This version: March 23, 2021

The COVID-19 pandemic forced much of the world to adapt suddenly to severe restrictions. In this study, we attempt to quantify the impact of the pandemic on student performance in higher education. To collect data on important covariates, we conducted a survey among first-year students of...

Persistent link: https://www.econbiz.de/10012499494

Impact of Monetary Policy on Gross Domestic Product (GDP)

Hameed, Dr. Irfan - 2012

This research article focuses on the impact of Monetary Policy on GDP. GDP no doubt is affected by the Monetary Policy of the state. The research papers of various authors have been studied in this regard to prove the Hypothesis and after in depth analysis by applying Regression Analysis...

Persistent link: https://www.econbiz.de/10013114651

International transmission of interest rates : the role of international reserves and sovereign debt

Afonso, António; Huart, Florence; Jalles, João Tovar; … - 2021

We analyse the international transmission of interest rates by focusing on the role of the accumulation of international reserves and on the financing of sovereign debt. An increase in foreign exchange reserves is expected to moderate the influence of U.S. interest rates. However, a high level...

Persistent link: https://www.econbiz.de/10012504452

What Accounts for the Changes in U.S. Fiscal Policy Transmission?

Bilbiie, Florin Ovidiu; Meier, André; Müller, Gernot J. - 2021

Using vector autoregressions on U.S. time series for 1957-1979 and 1983-2004, we find government spending shocks to have stronger effects on output, consumption, and wages in the earlier sample. We try to account for this observation within a DSGE model featuring price rigidities and limited...

Persistent link: https://www.econbiz.de/10013318046

The Impacts of Financial Policies on Inflation Rates in Sudan (1989-2010)

Mohamed, Issam A.W. - 2012

The main focus of the present paper is to analyze the impacts of financial policy on inflation rates. The analysis … utilized to reflect the relations between financial policy and inflation. Thus, more lights are shed on the fact that the first … components represented in governmental expenditure and taxation and the dependant variable inflation. The results show that there …

Persistent link: https://www.econbiz.de/10013107752

Do heterogeneous expectations constitute a challenge for policy interaction?

Gasteiger, Emanuel - 2016

Yes, indeed; at least for macroeconomic policy interaction. We examine a Neo-Classical economy and provide the conditions for policy arrangements to successfully stabilize the economy when agents have either rational or adaptive expectations. For a contemporaneous-data monetary policy rule, the...

Persistent link: https://www.econbiz.de/10011513023

Why are the 2000's so Different from the 1970's? A Structural Interpretation of Changes in the Macroeconomic Effects of Oil Prices

Blanchard, Olivier J. - 2011

in inflation. In the 2000's, even larger increases in the price of oil were associated with much milder movements in … output and inflation. Using a structural VAR approach, Blanchard and Gali (2009) argued that this reflected a change in the … causal relation from the price of oil to output and inflation. They then argued that this change could be due to a …

Persistent link: https://www.econbiz.de/10013122062

The optimal monetary and fiscal policy mix in a financially heterogeneous monetary union

Palek, Jakob - 2015

stabilizing shocks increases, when there is a gap in the inflation differential due to a relative shock, an idiosyncratic shock or …

Persistent link: https://www.econbiz.de/10010507626